The Successful Law Career of Jeremy Goldstein

Recap: Jeremy Goldstein How Knockout Options Help Employers

Buying of stocks has been an activity undertaken by many as a form of investment. Employees have also been able to enjoy this luxury of stock buying from companies they work for. However, in recent times, this option has slowly ceased to exist. More and more companies have stopped providing their employees with stock options. This change of heart by companies has been contributed by a number of factors namely; Employees are uncertain about this method of compensation, there is a burden when it comes to accounting, the stock value may also drop and make it an impossible task for employees to exercise their options.

However, some people believe that stock option can still be a good type of compensation since employees are easily able to comprehend stock options. It can also boost earnings in cases where the stock share value rises. But a company can decide to adopt a knockout clause in which an employee can lose stock share if it falls under a specified amount. A good example is; if an individual or employee, in this case, buy stocks at $100 per unit and is a knockout option, it would expire if and when the share value drops to less than $50.

About Jeremy Goldstein

Jeremy Goldstein is famously known for his role as a partner at the Jeremy L. Goldstein & Associates, LLC. This firm is a boutique law firm specializing in advising compensation committees, CEOs and management teams in executive compensation. He studied at the New York University School of Law where he acquired his JD. He also attained his MS from Chicago University. He also attended Cornell University where he got his B.A.

Career

Before establishing his own firm, Jeremy Goldstein was involved with several other successful firms. He once served as a partner at the law firm Wachtell, Lipton, Rosen & Katz. He is currently the chairman of the Mergers & Acquisition Subcommittee of the Executive Compensation Committee of the American Bar Association Business Section. His career has been extensive and has earned him a lot of respect in his field. He is a writer and is often invited to speak on corporate governance and executive compensation issues.